Legal & Regulatory Issues on Short-Term Residential Rentals

Written By: Shannon M. Wilson, Esq.

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Written by Marketing

26
February 2018

Legal & Regulatory Issues on Short-Term Residential Rentals

Over the past few years, there has been an explosion of online marketplaces and services for people to rent their homes for short-term leases (typically less than thirty (30) days), such as Airbnb. Airbnb projected it will earn as much as $3.5 billion a year by 2020.[1] Before you host your home on any of these websites, you must first understand applicable local laws and rules of contracts or rules that bind you.

For further questions, contact a local lawyer and/or your city’s business license department, planning department, and building department directly to learn more about applicable local laws.

Other Rules and Contracts

In addition to reviewing applicable local laws, prior to hosting your residence for a short-term residential lease, you must consult any private contracts or rules that bind you with regard to your use of the premises to be leased, including, without limitation, your lease agreement, condominium board rules, and Home Owners Association rules, if and as applicable.